B. Riley Securities has decided to maintain its Buy rating of Century Communities (NYSE:CCS) and lower its price target from $84.00 to $57.00.
Shares of Century Communities are trading down 8.79% over the last 24 hours, at $41.17 per share.
A move to $57.00 would account for a 38.45% increase from the current share price.
About Century Communities
Century Communities Inc is a construction company that focuses on the residential market. It has five homebuilding segments: West, Mountain, Texas, Southeast, and Century Complete. Its sixth reportable segment is financial services operations, which provides mortgage, title, and insurance services to homebuyers. It has acquired land for homebuilding operations with the primary intent to develop and construct single-family detached or attached homes for sale on the acquired land. The company sells homes through its own sales representatives and independent real estate brokers. It also advertises directly to potential homebuyers through the Internet, newspapers, and trade publications. The company generates the most revenue from the Mountain segment.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
